Chile’s additional pension contribution will impact AFPs from 2028

Beginning in August 2025, Chile will initiate a gradual increase in employer-funded pension contributions; however, individual AFP accounts will see minimal impact at first.

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Fund managers look ahead to FAPP mandates

Once the investment regime is defined, the Board of Directors of the Autonomous Pension Protection Fund (FAPP) will proceed to hold a bidding process for its portfolio.

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Implementation of pension reform gets underway

An increase of one percentage point in participants’ contributions is scheduled for August this year, and the transfer of 10% of current participants should be completed by June 2028 following the result of the bidding process.

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